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Posts Tagged ‘ Naspers ’

Online travel portals MakeMyTrip and ibibo to merge

Tuesday, October 18, 2016 | More »

In the biggest consolidation move in the online travel agency (OTA) space in India, NASDAQ-listed MakeMyTrip Ltd has agreed to buy ibibo Group, which is co-owned by South African technology group Naspers Ltd and Chinese investment firm Tencent, in a stock deal. Naspers and Tencent, which own 91% and...


Goibibo launches live tracking service for domestic, international flights

Online travel agency Goibibo.com, which is a part of South African digital media firm Naspers, has introduced the feature of live flight tracking for 1,824 daily flight schedules, including both domestic and international flights. “Flight tracking and status information is first of its kind. This ...

12 October, 2016 | More »


Flipkart gets a valuation boost from Fidelity

After a string of six successive markdowns, Indian e-commerce giant Flipkart has received a welcome break from American mutual fund company Fidelity Investments. The US-based company’s Fidelity Rutland Square Trust II fund has hiked the value of its shares in the company. According to filings with...

28 July, 2016 | More »


Exclusive: Naspers floats Stradia through OLX to re-enter Indian online used car space

Less than two years after selling second-hand cars business Gaadi.com to Google Capital-backed CarDekho, South African internet and digital media firm Naspers has re-entered the used car business in the country. It has floated Stradia.in under its multi-country classifieds venture OLX. The move seem...

23 July, 2016 | More »


Goibibo rolls out travel-based social network

Online travel agency (OTA) Goibibo.com, part of South African digital media firm Naspers, has rolled out a travel social network on its mobile app titled, ‘GoContacts’ which enables users to get connected on Goibibo app using their phone books. “By launching GoContacts, we are further strength...

20 June, 2016 | More »


Naspers invested $302.5M in Flipkart this year to retain 16.63% stake

South African media conglomerate Naspers Group injected $302.5 million or a quarter of the total $1.21 billion that Flipkart Pvt Ltd, the key holding arm of e-commerce giant Flipkart.com, raised in two rounds this year to retain its 16.63 per cent stake in the firm, Naspers said in a filing. Of the ...

25 November, 2014 | More »


Naspers merges PayU India with global payments business

Naspers, which controls Gurgaon-based ibiboGroup, which runs a string of e-commerce platforms including Goibibo.com, redBus.in, Travelboutique Online and Tradus.com in India, has moved its payments business PayU India Internet Pvt Ltd to its global payments solution unit. As part of the transaction,...

13 February, 2014 | More »


Naspers paid $100M to buy 80% in redBus; Flipkart valued at $1.6B in latest funding

Its official, Naspers paid $100 million in cash to buy an effective 80 per cent stake in Pilani Soft Labs Pvt Ltd, which runs Indian bus ticketing venture redBus in June this year, valuing the venture at $125 million. Previously the South African digital media conglomerate had not disclosed  the ...

26 November, 2013 | More »


Naspers-Tencent restructuring India operations

South African digital media giant Naspers and Chinese partner Tencent are restructuring their existing operations housed under MIH in India which will see Tencent owning majority stake in social media ventures while Naspers continuing to lead the e-com business, as per a disclosure by Tencent in the...

21 October, 2013 | More »


Flipkart raises $200M in fresh funding from existing investors

India’s largest consumer e-commerce player Flipkart has raised $200 million (Rs 1,200 crore) in a fresh round of funding from existing investors, including South African technology group Naspers, Tiger Global, Accel Partners and ICONIQ Capital. The funding has been routed through Flipkart’s Sing...

10 July, 2013 | More »

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